In 2022, the market for quantum cryptography was estimated to be worth USD 541.8 million.
The market for quantum cryptography is anticipated to increase at a CAGR of 20.30% from 2023 to 2030, reaching USD 2376.64 million in 2030.
Quantum key distribution (QKD) systems are the most popular component type category.
During the projection period, the government and defense category is anticipated to exhibit the highest CAGR.
The top players include ID Quantique, Infineon Technologies, Magiq Technologies, IBM, NuCrypt, Anhui Qasky Quantum Technology Co. Ltd., Qubitekk, Quintessence Labs, Qutools GmbH, Toshiba Corporation, and others.